# Token\&Storage Cost

### Token Description

1. The casting right of the token is completely released to the user, and the seedlist project itself does not have any pre-reservation for the token;&#x20;
2. Any user can choose whether to participate in the minting of tokens;&#x20;
3. Regarding the use of the token, there is no expectation for the time being;&#x20;
4. The token is just the token itself, and does not give it any financial attributes;&#x20;
5. When the token is minted, the receiving address is determined by the user;

### Casting Rules

1. 21 million tokens are given to community users as an incentive cycle;&#x20;
2. Incentives are generated along with the user's storage behavior. Without storage, there is no incentive;&#x20;
3. Each user space has only one chance to participate in token casting; of course, users can choose to give up;&#x20;
4. In the first incentive cycle, when the user stores, under the premise of meeting the above 3, the available effective incentive amount is 2100;&#x20;
5. When entering the next cycle, the amount of each incentive is half of the previous cycle, that is, halved casting;&#x20;
6. With each user's token incentive, a 10% increment will be issued to the Treasury contract address;&#x20;
7. By halving the displacement, the total amount of token incentives for a full cycle is about 23.1 million;

{% hint style="info" %}
It can be calculated that:&#x20;

1. The maximum minting limit of the token is 1570,800,000;&#x20;
2. After the casting is completed, 2.95e+24 (about 295 billion trillion) user-triggered operations are required;
   {% endhint %}

### Storage Cost

1. When each user uses seedlist, the first step is to initialize a private storage contract on the chain; the gas used to be consumed is 1585353 (at gas price of 10GWei, the consumption of ETH is 0.01585353); the private contract only needs to be initialized once, The content can be inserted into the private contract an unlimited number of times later;
2. &#x20;After completing the initialization, users can store encrypted content on the chain; if they do not participate in token casting, the gas used is 201519 (at gas price of 10GWei, the consumption of ETH is 0.00201519); if they participate in token casting, the consumption of The gas used is 324331 (the gas price is 10GWei, and the consumption of ETH is 0.00324331);&#x20;
3. When users store each time, seedlist will charge a tip of 0.0003 ETH(0.003MATIC or 0.003BNB) as a follow-up fee to maintain the project; there is no charge for reading content;

### Treasury's handling of incremental Tokens

1. The Treasury Owner can initiate halving withdrawals at any time;&#x20;
2. Halving extraction means that the amount of each extraction is at most half of the previous extraction;&#x20;
3. If the Treasury Owner decides to give up the Seed Token withdrawal, the current withdrawal amount can be set to 0 or 1 (precision: 18);
